Bitcoins/Litecoins/Virtual Currencies
- Thread starter Tripamang
- Start date
Arden
Blackwing Lair Raider
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Tmac
Adventurer
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If Nano can be divided infinitely what does it matter? Printing infinite dollars is why we’re in the mess we are in the first place.
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LachiusTZ
Rogue Deathwalker Box
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I think you want the number of it to increase infinitely, but diminishing instead of the exponential increase we see with dollars
Sanrith Descartes
Veteran of a thousand threadban wars
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Arden
Blackwing Lair Raider
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Shit like this is scary for crypto investors. Right now Musk is the big banner bearer for the crypto paradigm shift. Eventually enough other whales will buy into the shift that he won't matter as much as he does now. But for now, he could crash the crypto system by himself with a few tweets if he wanted to.
Before you jump on me, I'm not saying he could "kill" crypto or that it won't eventually succeed with or without him- I'm just saying he is 90% of the reason that the crypto paradigm shift has as much momentum as it does now.
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Arden
Blackwing Lair Raider
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SEC doesn't regulate crypto as a security.
Edit: And yeah, it's weird for Musk to say he thinks BTC and ETH are a "bit high" considering the huge investment he just made into BTC. It didn't seem to affect the market much, FWIW. Also, I think it's one of those things that makes Musk a little different. He will be the first person to tell you he doesn't play the market. He claims (and I don't have any reason not to believe him) that the only stock he has is TSLA. He seems much more interested in advancing ideas than increasing the value of his investments. Credit to him.
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BTC all-time-highed again hours after that tweet.
Musk didn't start talking about Bitcoin until after it was 40k.
If any rich asshole is driving this train, it's Michael Saylor, whos company literally just took on 1 billion USD of debt to buy more BTC after buying 70k+ coins and is giving business seminars on why and how corporations should buy BTC to protect shareholder value with 1400+ attending while also doing interviews on every business cable channel and crypto podcast you can think of. Who do you think Musk spoke to just before he had Tesla buy bitcoin?
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Tmac
Adventurer
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Yeah I was thinking the same thing and the timing is right:
Dec 2017 Market expands
March 2017 Market contracts
Dec 2019 Market expands
March 2019 market contracts
Dec 2021 Market expands
March 2021 ?
Lambourne
Ahn'Qiraj Raider
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Might be worth moving them to an exchange in case they pump off some Elon tweet again. Or hold, maybe they'll unironically become the new reserve currency of the world. This clown world shows no sign of slowing down.
Booted up an old PC and found my old Doge wallet from 2014, I have a grand total of 150. Found I had also installed the Bitcoin client at that time and did nothing with it.
Booted up an old PC and found my old Doge wallet from 2014, I have a grand total of 150. Found I had also installed the Bitcoin client at that time and did nothing with it.
Caliane
Avatar of War Slayer
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$8.22 at .0548Might be worth moving them to an exchange in case they pump off some Elon tweet again. Or hold, maybe they'll unironically become the new reserve currency of the world. This clown world shows no sign of slowing down.
Booted up an old PC and found my old Doge wallet from 2014, I have a grand total of 150. Found I had also installed the Bitcoin client at that time and did nothing with it.
Loser Araysar
Chief Russia Correspondent / Stock Pals CEO
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Saylor is hilarious. A CEO of supposedly the #1 business intelligence company (whose products no one can name) who spends 99.9% of his time on twitter, doing shitty laser eyes memes and pumping an unrelated asset vs. doing something like, oh i don't know, promoting your own company and their products.